Independent Bank Corp Q2 net income $81.8M, EPS $1.70; deposits up 1.5%

INDEPENDENT BANK CORP

Q2 net income $81.8M ($1.70 diluted EPS) vs Q1 $79.9M ($1.63); no merger costs in Q2.
Deposits grew $294.6M to $20.4B (+1.5%); core deposits 84.1% of total.
Repurchased 964,000 shares for $75M at avg $77.79; $151M remaining authorization.
Net interest margin 3.85% (down 5 bps); adjusted margin 3.76% (up 4 bps).
2026 guidance: core operating expenses $553-557M; Q4 NIM target 3.90-3.95%.

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